Brokerages Set Fidelity National Financial Inc (NYSE:FNF) Price Target at $47.00

Shares of Fidelity National Financial Inc (NYSE:FNF) have earned a consensus rating of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $47.00.

A number of brokerages have weighed in on FNF. Keefe, Bruyette & Woods downgraded shares of Fidelity National Financial from an “outperform” rating to a “market perform” rating and cut their price target for the company from $49.00 to $48.00 in a report on Wednesday, October 9th. Zacks Investment Research raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Tuesday, October 8th. Finally, ValuEngine downgraded shares of Fidelity National Financial from a “hold” rating to a “sell” rating in a report on Friday, October 11th.

In related news, EVP Brent B. Bickett sold 51,709 shares of the company’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $44.62, for a total transaction of $2,307,255.58. Following the transaction, the executive vice president now directly owns 589,799 shares of the company’s stock, valued at $26,316,831.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Michael Joseph Nolan sold 75,884 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $44.09, for a total value of $3,345,725.56. Following the completion of the sale, the president now directly owns 289,669 shares of the company’s stock, valued at $12,771,506.21. The disclosure for this sale can be found here. Insiders sold a total of 583,330 shares of company stock valued at $25,545,056 in the last ninety days. Company insiders own 6.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. increased its stake in shares of Fidelity National Financial by 1,534.8% in the second quarter. Rockefeller Capital Management L.P. now owns 752 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 706 shares during the last quarter. Griffin Asset Management Inc. purchased a new position in Fidelity National Financial in the second quarter valued at about $36,000. First Financial Corp IN purchased a new position in Fidelity National Financial in the third quarter valued at about $36,000. Cutler Group LP grew its stake in Fidelity National Financial by 1,000.0% in the second quarter. Cutler Group LP now owns 1,100 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new position in Fidelity National Financial in the 2nd quarter worth about $50,000. Hedge funds and other institutional investors own 81.44% of the company’s stock.

NYSE FNF traded up $0.04 on Friday, reaching $47.46. The company’s stock had a trading volume of 44,557 shares, compared to its average volume of 1,418,955. Fidelity National Financial has a twelve month low of $29.50 and a twelve month high of $48.40. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market cap of $12.96 billion, a PE ratio of 17.55, a PEG ratio of 1.42 and a beta of 0.82. The firm’s 50 day moving average is $46.85 and its two-hundred day moving average is $43.56.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.22. Fidelity National Financial had a net margin of 9.82% and a return on equity of 17.51%. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the prior year, the company earned $0.78 EPS. Fidelity National Financial’s revenue was up 2.1% on a year-over-year basis. Equities research analysts anticipate that Fidelity National Financial will post 3.33 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Monday, December 16th. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.31. Fidelity National Financial’s dividend payout ratio is 45.93%.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.

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Analyst Recommendations for Fidelity National Financial (NYSE:FNF)

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